central ohio real estate update: july 2018

Central Ohio Real Estate Update: December 2018

Housing Market Update

The new year is here, and prices continue to rise in Central Ohio. The average sales price of homes for the last 11 months was $228,062, up 6% from Jan. to Nov. of last year.

“As REALTORS®, we are pleased that the statistics demonstrate real estate continues to be an excellent investment vehicle,” said Sara Walsh, 2018 President of Columbus REALTORS®. “Real estate investment offers a favorable alternative to the stock market and, in the current market, is a lower risk yielding better returns while offering diversification.”

“A home is more than just an investment, it’s shelter, a place to create memories as well as a place to build a strong financial future.”

Inventory has also been on the rise the last few months. 2,207 residential homes listed for sale last month, which is 5% more than a year ago.

“Inventory levels have been at record lows in recent years, so the additional homes for sale has been a welcome change for local buyers,” added Walsh. “This solid housing demand, fueled by a growing economy and low unemployment, reinforces the health of the central Ohio market.

According to the latest Housing Market Confidence Index by the Ohio REALTORS®, 93 percent of central Ohio REALTORS® maintain that our local housing market performance has been as good or better than anticipated. So, if you are looking to buy a new home in 2019, inventory is growing, and there is more to choose from; and, if you are looking to sell this year, sales prices continue to rise, yielding more proceeds!

For a detailed report on your neighborhood, contact The Alfriend Group today at (614) 395-1776 or email us at info@alfriendgroup.com.


For Sale & Coming Soon 

8797 Killie Ct. Dublin, Ohio 43017     $419,900

4 Bedrooms, 2 1/2 Baths, 3,543 Square Feet

 

476 Vermont Pl. Columbus, Ohio 43201     $319,000

3-4 Bedrooms, 2 Full Baths, 1,850 Square Feet

9719 Erin Woods Blvd. Dublin, Ohio 43017     Coming Soon

4 Bedrooms, 5 Full Baths, 4,629 Square Feet

 

 

 

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